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Spend Management Pick
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| Title
- Ariba Procure-to-Pay |
| Vendor
- Ariba |
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Short Description
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| The Ariba
Procure-to-Pay - Basic and Professional Packages deliver rapid
cost savings by restricting maverick buying and increasing the
efficiency of the entire procurement cycle. Each solution delivers
an intuitive, self-service purchasing process with a walk-up
user interface that drives rapid stakeholder adoption across
the organization. |
| Ariba
Procure Download |
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| - Xign |
| Xign
Description |
Procurement managers have long been charged with improving supplier relationships, streamlining the supplier base and establishing cost saving projects for their organization and their supplier firms. The supply chain projects that started in the early 1990s and continue to this day are a prime example of the efforts to streamline operations. The logical next step is to extend e-procurement initiatives to include Order To Pay / Order To Cash components. This will inject the same kind of efficiencies into complementary settlement processes involving order delivery, invoicing, payment and reconciliation.
The lack of automation in the financial settlement cycle can negatively impact e-procurement efforts and cause supplier relationships to suffer. Paper invoices and paper checks are responsible for extended settlement cycles that can delay payments to your suppliers, preventing you from capturing all possible discounts.
Without an opportunity for real-time collaboration, your suppliers dont learn about payment status until they receive a check in the mail. The delays and uncertainties that surround financial settlement today contribute to an excessive number of calls from suppliers into the A/P, procurement and supplier services parts of your organization. These calls waste time and increase your settlement costs.
By automating invoice and payment processing through an Order To Pay / Order To Cash service, Xign delivers an effective complement to your existing e-procurement applications. Now you can provide your suppliers with tools to:
Submit electronic invoices
Receive electronic payments
Capture thorough and automated remittance data
View invoice status as they route for organizational approval
See the exact date when payments will be made
Collaborate on invoice disputes and issues
This visibility into financial settlement processes ensures that buyers will have the open credit necessary to ensure just in time delivery of important materials and supplies. In addition, it contributes to lower transaction costs that can help you negotiate additional discounts and lower pricing. All of this allows the procurement organization to strengthen relationships with trading partners while offering them cost savings. |
| - Xign
Download |
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